1752390
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1,800 in Social Secutiry tax was withheld. Turbotax is saying it's all excess and i'm due a refund. why?

I will earn 35,000 this year in taxable wages from a single employer. Married filing jointly with 2 kids/dependants and i qualify for the EIC.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

1,800 in Social Secutiry tax was withheld. Turbotax is saying it's all excess and i'm due a refund. why?

What tax year are you working on?  W-2's have not been sent for 2020--are you working on your 2019 return?

 

 

Careful.   Check to see if you put all of the W-2 earnings from both spouses under only one of your names.  That is the most common reason for this user error.  When you enter your income you have to make sure you pay attention on the screens for W-2's and enter each spouse's income under the right name.  If you put it all under one name it results in a bigger refund which the IRS will send you a nasty letter about in about a year.  They will want that money back with interest.

 

Look at the box 4's of your W-2's and see how much it all adds up to.  If ONE person had more than

$8239.80 for 2019 it would be excess Social Security withheld.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

1,800 in Social Secutiry tax was withheld. Turbotax is saying it's all excess and i'm due a refund. why?

I always have a sneak peak at what I'll get when I file in February. I'm doing that now for 2020. And my wife has 0 income so that can't be it. I really can't figure how the system thinks I overpaid when only 1800 was paid for the year.

 

Maybe it'll change when I have my w2 but right now something is off. Even if my w2 for 2019 and 2020 was added up it wouldn't be over the max cap, close but not over it. 

1,800 in Social Secutiry tax was withheld. Turbotax is saying it's all excess and i'm due a refund. why?

Clearly something is way off then.  There are a lot of updates still to come, and you will not really have your W-2 until sometime in January.  Wait for the updates and your W-2 and re-visit that section later.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

1,800 in Social Secutiry tax was withheld. Turbotax is saying it's all excess and i'm due a refund. why?

LOOK at what you entered in the W-2 box 12 section and boxes 3 & 4 ... chances are that   is where your error is.   For purposes of estimating  leave  all those boxes BLANK  and see if that helps.  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question